Sr. Portfolio Manager
Webster Bank

Boston, Massachusetts


Since 1935, Webster Bank has been helping individuals, families and businesses meet their financial goals. As a leading regional bank, Webster's strong foundation is built on our core values of responsibility, respect, teamwork, trust and commitment to our communities. Webster bankers remain our most valuable asset, and we pride ourselves on our diverse, equitable and inclusive work environment. Come join our team!

Job Description

A specialized team of approximately 20 dedicated investment professionals, the T&I group prides itself on maintaining an atmosphere that encourages teamwork, self-empowerment, and work/life balance. As a VP within the T&I group, you will be given the unique opportunity to work with many different professionals who have diverse backgrounds and varying industry expertise (a typical deal team includes an Analyst, Associate, Vice President, and Managing Director).

Key responsibilities include working with junior level associates to conduct thorough due diligence of potential borrowers in the healthcare sector. Vice President's prepare internal credit memos and will present the underwriting diligence and portfolio management results to investment committee. Throughout this process the Vice President will interact with multiple stakeholders and have the opportunity to teach and mentor junior deal team members. You will interact with business development officers, credit professionals, capital markets, private equity sponsors, company management, and investment bankers, as well as legal counsel, loan closers and operations personnel.

Major Duties & Responsibilities

Portfolio Management for ~10-15 Existing Borrowers:

  • Monitor a borrower's financial performance trends and liquidity via the review and entry of monthly, quarterly, and annual financial statements into the bank's internal portfolio management software.
  • Review quarterly compliance certificates to ensure accuracy and completion.
  • Engage with borrowers' CFOs (or similar position) to get more qualitative updates on performance.
  • Listen to annual or other interim lender update calls and ask questions, when appropriate.
  • Maintain borrower credit files.
  • Ensure appropriate borrower risk rating.
  • Prepare internal quarterly, semi-annual and/or annual review memos.
  • Present internal portfolio review memos to senior credit executives at semi-annual review meetings.
  • Work with the underwriting deal team to execute all amendments/waivers for existing borrowers.
New Deal Underwritings:
  • Support lead underwriter on deal diligence
  • Review data room materials and all third-party reports
  • Build the projection model
  • Prepare internal credit approval memos
  • Demonstrate a strong understanding of all material sections of legal documents
  • Manage loan closing process
Qualifications
  • A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field
  • 7-10 years of work experience in an Accounting/Finance/Banking-related position (or a Master's degree and 1-3 years)
  • The ability to answer unstructured business questions and work independently to drive tasks to completion
  • Strong analytical skills and proficiency with financial statements
  • Ability to work well with others and on teams
  • Ability to work in a fast-paced environment
  • Superior written and verbal communication skills
  • Proficient in Microsoft Office, including Word, Excel, and PowerPoint
Even better:

Tech industry experience at an investment bank or other institution
  • Received or is in the process of achieving either the CFA or CPA professional certifications
  • Experience working on leveraged loan transactions
  • Graduate of a formalized credit training program
  • Financial modeling experience
  • MBA
#LI-EM1

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